Accommodation in Gibraltar
Expats can choose to buy or rent a property in Gibraltar, but many opt to rent because of the short-term nature of their assignments. Due to the limited space, there is a high demand for housing in Gibraltar, prices are hight, and the few new developments are mostly highly sought-after luxury units. Many expats choose to live on the Spanish side of the border, in particular in Sotogrande, an upmarket resort town 24km up the coast from Gibraltar.
Types of accommodation in Gibraltar
The undersupplied market means that it can take a while to find somewhere to live. But given time and determination, expats moving to Gibraltar will be able to find a home that suits their lifestyle and needs. Properties range from studio flats to large houses. It is possible to rent both furnished and unfurnished properties. Many apartment blocks have shared facilities like swimming pools and laundry rooms.
Finding accommodation in Gibraltar
Expats looking to rent or buy a property in Gibraltar have a number of options when it comes to finding the perfect home. Online property portals are a good place to start, as are the classifieds sections of local publications, for those who are already in Gibraltar. Expats can also approach a local real estate agent to help navigate the sometimes difficult process of finding and securing housing.
Renting accommodation in Gibraltar
Once an expat has found the right property, they will need to pay a deposit (usually equivalent to one or two months of rent) as well as the first month's rent in advance. They may also be required to provide references to the prospective landlord or estate agent. Most rental contracts are signed for a year.
Sotogrande was originally an upmarket private gated resort development, but it has grown into a busy resort town with a thriving expat community. It is a 20- to 60-minute drive from Gibraltar, depending on traffic, and is popular with expats who work in Gibraltar, with a pretty marina, beaches, golf courses, a good international school and excellent restaurants.